AdvanSix Q2 sales $428M (-27% YoY), EPS $1.16; dividend raised 10% to $0.16

AdvanSix Inc.

2023-Q2 EPS reported $2.39 revenue$828,484,000

Sales $428M, down 27% YoY on unfavorable market-based pricing (-19%) and lower raw material pass-through (-6%).
Net income $32.7M ($1.16 diluted EPS) vs $65.2M ($2.23) in Q2 2022; adjusted EPS $1.25 vs $2.30.
Adjusted EBITDA $65.8M, down from $105.4M; margin 15.4% vs 18.1%.
Cash from ops $35M, down $60.9M; free cash flow $15.7M vs $78.1M.
Quarterly dividend raised to $0.16/share (+10% from prior quarter); payable Aug 29, record Aug 15.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

AdvanSix Inc. reported the second quarter ending June 30, 2023 results: revenue $428 million, net income Net Income of $32.7 million, EPS Earnings Per Share of $1.16; Adjusted Earnings Per Share of $1.25.

Period: the second quarter ending June 30, 2023
Revenue: $428 million
Net income: Net Income of $32.7 million
EPS: Earnings Per Share of $1.16; Adjusted Earnings Per Share of $1.25
Result: reported results

Exact text from the filing

A copy of the press release is furnished herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- News Release ADVANSIX ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS Sales of $428 million, down 27% versus prior year Earnings Per Share of $1.16; Adjusted Earnings Per Share of $1.25 Returned $19 million of cash to shareholders through repurchases and dividends in

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Source: SEC EDGAR

accession 0001673985-23-000121

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